$1 Million Retirement Savings Won’t Last 25 Years Anywhere in the U.S. — But It Will Go the Furthest in These 6 States
Retirees who want to make the most of their money might have to give up dreams of sunny California or Hawaii.
The real reason why oil and gas companies are bullish on carbon capture
Occidental CEO Vicki Hollub compared using CO2 in enhanced oil recovery to fracking, the technology that sent U.S. oil and gas production skyrocketing.
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January 2024
Theory Venture’s Tomasz Tunguz unveils 2024 predictions: AI dominance, resurging Web3, and the new normal of tech investments
At the end of 2022, like many, I made some predictions about what 2023 would bring to the technology investing ecosystem. Namely, the Fed would tame inflation, and the fundraising market would thaw, but overall, claiming that 2023 would be the first year of a “new normal” era for the markets and that machine learning […]
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TikTok aims to grow its TikTok Shop US business tenfold to $17.5B in 2024, report claims
TikTok is looking to grow the size of its TikTok Shop U.S. business tenfold to as much as $17.5 billion this year, according to a new report from Bloomberg. The report indicates that the 2024 merchandise volume goal was recently discussed internally within the company, and could be amended as the year progresses. With this […]
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Why the Private Sector, Not Public, Must Continue to Lead Impact Investing
Private financial institutions and organizations have both money to invest and the motivation to generate a return on double-bottom-line investments, making them the ones who drive the real results in impact investing. .
Exponent Founders Capital, led by Plaid and Robinhood alums, raises $75M to invest in early-stage startups
Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report. The firm, which is emerging from stealth today, raised $50 million for its first fund in November of 2021. Managing Partners Charley Ma […]
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VCs anticipate more exits in 2024 but have no consensus on when or how
Some investors are more optimistic about M&A in 2024, while others think we will see a rebound in the IPO market.
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Big, costly seed deals were the exception in 2023’s lackluster venture capital market
Hopes that it would become easier for startups to raise capital in 2023 were left unmet as the year ended. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. New data from business database PitchBook paints a modestly dim picture of venture capital investment […]
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Irene T. Cheng, SM ’78
“Thinking big, aiming high, and making a difference were rules of the road embedded during my time at MIT,” says Irene Cheng, SM ’78, who went on to a successful Wall Street career as a managing director at Lazard Asset Management after earning a graduate degree in chemical engineering from the Institute. “I was helped…
The art of unearthing history
Filmmaker Suneil Sanzgiri, SM ’17, uses diverse media and techniques to delve deeply into his cultural identity, connecting him with the colonial history of his family’s ancestral home: Goa, India. An alumnus of the Art, Culture, and Technology (ACT) program, Sanzgiri uses a unique approach combining such things as analysis of historical texts and 3D…
Can AI provide better customer service?
Customer service experiences can really stick with you—a positive interaction can inspire brand loyalty, and a negative one can prompt a complete boycott. But encounters with automated customer interfaces, which often rely on limited phone menus or inept chatbots, rarely generate rave reviews. So Liz Tsai ’11, SM ’13, came up with an alternative. In…